The Members Group And Co Op Financial Services Announce Support For Masterpass

THE MEMBERS GROUP AND CO-OP FINANCIAL SERVICES ANNOUNCE SUPPORT FOR MASTERPASS

ANNOUNCE SUPPORT FOR MASTERPASS

2/25/2013

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DES MOINES, Iowa and RANCHO CUCAMONGA, Calif (February 25, 2013)
- As leaders in innovation, together The Members Group (TMG) and
CO-OP Financial Services announced the companies will offer their
members MasterPass, a digital service introduced today by
MasterCard. The service allows consumers to use any payment
card or enabled device to make a purchase and enhance the shopping
experience online, in-store or on any device. The companies also
announced TMG Financial Services, a third party credit card agent
issuer and sister company to TMG, has committed to being among the
first issuers to offer the digital wallet to its more than 65,000
cardholders.

Since forming a strategic partnership in January 2012, CO-OP
Financial Services and TMG have offered unique credit and debit
card processing products and other payment solutions to the credit
union industry.

"Credit unions are looking for trusted partners to capitalize on
opportunities, such as the future of digital payments," said Shazia
Manus, CEO of TMG. "Together, our companies will be a single point
of entry to the most innovative, tailored, cost-effective products
and services as they prepare for next-generation banking."

"This is a very exciting time in the payments industry, and the
introduction of MasterPass will contribute to simplifying digital
shopping," said Stan Hollen, President/CEO of CO-OP Financial
Services. "We formed our partnership with TMG to offer the best
processing platform for each client's unique needs, and our mutual
partner, MasterCard, has introduced an important addition."

According to MasterCard, the MasterPass suite of services
will:

Provide merchants with a consistent way to accept electronic
payments regardless of where the consumer may be;

Enable banks, merchants and partners to offer their own digital
wallets; and

Enrich the shopping experience for consumers before, during and
after checkout.

MasterPass joins several other digital payment solutions the
companies are bringing to the credit union marketplace. For credit
unions, the solutions increase top-of-wallet potential; for members
they create multiple ways to transact, yet with a consistent
experience across all channels.

"It is clear that digital payments are the future of our
industry, whether you are an issuer or a processor," said Jeff
Russell, President and CEO of TMGFS and Senior Advisor to TMG.
"Today's announcement certainly increases the value of our
MasterCard offerings to consumers and financial institutions. We
look forward to providing our clients and cardholders with tools
that will enhance how they are able to engage in the payments
process."

"In today's increasingly connected world, every device is
becoming a shopping device as consumers expect to be able to pay
for things how, when and where they want," said John Ainsworth,
Group Head, U.S. Markets, MasterCard. "MasterPass is the latest
example of how we work closely with partners like CO-OP and TMG to
bring to market innovative solutions that will make an impact on
their members' daily activities."

For more information MasterPass, visit www.mastercard.com. For
more on payment solutions from CO-OP Financial Services and TMG,
visit www.co-opfs.org and www.themembersgroup.com.

About TMG

The Members Group (TMG) is dedicated to creating customized,
technology-driven card processing and payment solutions for credit
unions and community-based financial institutions across North
America. Innovations in fraud management, loyalty programs,
alternative payment systems and analytic reporting, and the
competitive advantages they create, have helped TMG forge a new
standard in offering cutting-edge credit, debit, ATM, prepaid card
products and a P2P payment solution. For more information, visit www.themembersgroup.com.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP
Financial Services is the nation's largest credit union service
organization in terms of number of credit unions, assets and
members. The company specializes in helping credit unions thrive by
providing products and services that make it more convenient for
members to do business with them. With a motto of "Be There. Be
More," CO-OP's products fall into three business lines, including
"Locations," (ATM, shared branching and call center services);
"Card Payments" (debit and credit processing) and "Mobile/Virtual"
(mobile, check imaging, bill pay services). To learn more visit www.co-opfs.org.

About TMG Financial Services

TMG Financial Services (TMGFS) is known for providing
collaborative, innovative and consumer-oriented solutions in the
payments industry. From industry-leading funding vehicles to
comprehensive credit card programs, TMGFS ensures financial
institutions have the tools to thrive in the competitive financial
marketplace. TMGFS was ranked No. 340 on the 2012 Inc. 500|5000
list of the nation's fastest-growing private companies and
currently has more than 65,000 cardmembers and $135 million in
assets under management. For more information, visit www.tmgfinancialservices.com.